On Wednesday, a government official announced that China will be taking steps to promote high-level opening up by appropriately shortening the negative list for foreign investment.
During a press conference, spokesperson for the National Development and Reform Commission, Meng Wei, stated that efforts have been made to assess the list’s effectiveness over the past few years and to understand the needs of foreign-invested enterprises.
Despite this list, China still offers attractive opportunities for foreign investors due to its long-term economic growth, according to Meng. She pointed out the recent increase in foreign direct investment and frequent business trips made by executives from global firms to China.
Meng pledged to proactively utilize foreign investment by implementing policies that will direct more of it towards advanced manufacturing, high-end technologies, and modern services in the central, western, and northeastern regions of the country.
To achieve this, special working mechanisms for major foreign investment projects will be further utilized, and development zones will be better leveraged to attract overseas investors. She also assured that better services will be provided to foreign investors.
